Key Takeaways
- • iBase-t has appointed Andrew Varghese as Chief Financial Officer as it expands its AI-native digital manufacturing and sustainment software platform for aerospace and defense customers.
- • Varghese most recently served as CFO of Irth Solutions, where he grew annual recurring revenue by more than threefold while achieving strong profitability, and helped lead the company's eventual sale to a global growth equity firm.
- • The appointment coincides with increased investment in the platform and expanded artificial intelligence capabilities, according to the company.
- • iBase-t, which has developed manufacturing and MRO software for aerospace and defense customers for nearly four decades, is backed by private equity, per CEO Naveen Poonian.
Summary
iBase-t has named Andrew Varghese as Chief Financial Officer, according to the company's announcement. The appointment comes as iBase-t expands its AI-native digital manufacturing and sustainment software platform for aerospace and defense customers and increases investment in the platform, its artificial intelligence capabilities, and growth across the aerospace and defense market.
Varghese brings more than a decade of experience as both a private equity investor and operating executive in the industrial SaaS sector. His background includes partnering with founders and executive teams to build the financial discipline and operating infrastructure needed to scale software businesses. Most recently, he served as CFO of Irth Solutions, where annual recurring revenue more than tripled during his tenure while the company maintained strong profitability. He also helped lead Irth through its eventual sale to a global growth equity firm.
iBase-t has provided manufacturing and maintenance, repair, and overhaul (MRO) software to aerospace and defense customers for nearly four decades. The company sees further opportunity as aerospace and defense manufacturers expand production capacity, strengthen operational resilience, modernize operations, and adopt advanced digital and AI capabilities. CEO Naveen Poonian said the company's private equity backing enables it to invest in that opportunity and build on its existing foundation.
Varghese said he was drawn to iBase-t's deep aerospace and defense expertise and the critical role its software plays in customer operations during a period of unprecedented industry demand. Poonian said Varghese's financial leadership will help translate investments into platform innovation, deeper customer relationships, and sustained growth.
Varghese brings more than a decade of experience as both a private equity investor and operating executive in the industrial SaaS sector. His background includes partnering with founders and executive teams to build the financial discipline and operating infrastructure needed to scale software businesses. Most recently, he served as CFO of Irth Solutions, where annual recurring revenue more than tripled during his tenure while the company maintained strong profitability. He also helped lead Irth through its eventual sale to a global growth equity firm.
iBase-t has provided manufacturing and maintenance, repair, and overhaul (MRO) software to aerospace and defense customers for nearly four decades. The company sees further opportunity as aerospace and defense manufacturers expand production capacity, strengthen operational resilience, modernize operations, and adopt advanced digital and AI capabilities. CEO Naveen Poonian said the company's private equity backing enables it to invest in that opportunity and build on its existing foundation.
Varghese said he was drawn to iBase-t's deep aerospace and defense expertise and the critical role its software plays in customer operations during a period of unprecedented industry demand. Poonian said Varghese's financial leadership will help translate investments into platform innovation, deeper customer relationships, and sustained growth.
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